Subject: [cwj 102] Link-up for Japan shipbuilders
From: Corporate Watch in Japanese <>
Date: Wed, 13 Sep 2000 11:13:27 -0700
Seq: 102

For more information on the problems of shipbuilding and shipbreaking,
check out (IN JAPANESE ONLY)

Link-up for Japan shipbuilders
By Emiko Terazono in Tokyo
Financial Times
Published: September 12 2000 

Japanese shipbuilders Ishikawajima-Harima Heavy Industries, Kawasaki Heavy
Industries and Mitsui Engineering & Shipbuilding, said they were close to
finalising an agreement to integrate their commercial shipbuilding

Japan's shipbuilding industry is under pressure to consolidate because the
high yen is
eroding margins and competition from South Korea is intensifying. 

Korean shipbuilders have been blamed by competitors and their governments -
including the European Union - for offering cut throat prices and
depressing international shipbuilding price levels. 

The combined annual revenue of the shipbuilding operations of the three
companies is
expected to total over Y300bn ($2.8bn), surpassing that of Mitsubishi Heavy
Industries, the industry leader. 

The three companies declined to offer details, but they are reportedly
seeking an initial
alliance to consolidate supply procurement, orders and design. This could
be followed by the integration of the units into a joint venture. 

The move follows an agreement last September between Kawasaki Heavy and
Mitsui to
co-operate in procurement, design and technological development, and merge
information systems. Since then, the two companies have worked together in
a few
projects, including designing bulk carriers. 

The three-way alliance may expand to include Sumitomo Heavy Industries,
with which IHI is under negotiations to integrate their operations which
provide naval vessels to the Defence Agency. 

Among other leading Japanese shipbuilders, NKK and Hitachi Zosen have been
in talks to link their commercial shipbuilding operations since May.

FAIR USE NOTICE. This document contains copyrighted material whose use has
not been specifically authorized by the copyright owner.  Corporate Watch
in Japanese is making this article available in our efforts to advance
understanding of ecological sustainability, human rights, economic
democracy and social justice issues. We believe that this constitutes a
'fair use' of the copyrighted material as provided for in section 107 of
the US Copyright Law. If you wish to use this copyrighted material for
purposes of your own that go beyond 'fair use', you must obtain permission
from the copyright owner.
Corporate Watch in Japanese
Transnational Resource and Action Center (TRAC)
P.O. Box 29344
San Francisco, CA 94129 USA
Tel: 1-415-561-6472
Fax: 1-415-561-6493
The Corporate Watch in Japanese (CWJ)
mailing list is a moderated email list in English designed to connect
activists campaigning against Japanese corporations and investments around
the world.
To unsubscribe from the CWJ mailing list, send an email to with text "unsubscribe cwj".  To subscribe to the CWJ
mailing list, send a message to with the text
"subscribe cwj"
The CWJ mailing list is NOT intended for wide distribution.  If you would
like to post messages from this list somewhere else, we ask that you first
contact us at

Return to Index
Return to cwj HOME